Business
Why the Unibail (ASX:URW) share price has fallen 3% today
The Unibail-Rodamco-Westfield CDI (ASX: URW) share price has fallen today after the company announced an oversubscribed placement. Shares in Europe’s largest commercial real estate provider are trading 3.47% lower at a price of $5.00.
The placement comes in a month which has seen the Unibail share price rocket up 74%.
What happened?
Last night, the real estate investment trust (REIT) announced plans to raise up to 1 billion euros through 6 and 11-year bonds. The offer was set to expire on 1 December but received enormous support and consequently, the results have already been released. The two bonds on offer were:
- A 1 billion euro bond with a 6-year and 5 months maturity and a 0.625% fixed coupon
- A 1 billion euro bond with an…
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